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Let's see, They charge more, so they take money out of the economy that could go to other things. I guess you could say they encourage people to search for reasonable alternatives in the form of substitutes or entirely new ways to solve the problem (public transit or solar power) or burning ethanol in cars. Farther afield, monopolies accumulate such amounts of money that they (can)become dominant in the economy of a state or nation. Once the monololy has garnered political support its uses of that power are for the monopoly and not society, like changes in tax policy.
What else can I help you with?
Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
Why do many governments in countries with market economies outlaw or control monopolies?
Monopolies can make excessive profits by over-charging consumers.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
How do government policies affect free market economies such as the U.S economy?
okay i nose
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
Why do many governments in countries with market economies outlaw or control monopolies?
Monopolies can make excessive profits by over-charging consumers.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
How did the formation of the common market affect the economies of its members?
Unemployment rates doubled.
How do government policies affect free market economies such as the U.S economy?
okay i nose
Why would it be incorrect to call monoploy a fad?
Calling monopoly a fad would be incorrect because monopolies represent a significant and persistent market structure where a single entity dominates the supply of a product or service, often leading to long-term implications for competition and consumer choice. Unlike fads, which are temporary trends that quickly rise and fall, monopolies can maintain their power over time due to barriers to entry, economies of scale, and regulatory advantages. Additionally, monopolies can reshape entire industries and economies, influencing pricing, innovation, and market dynamics in enduring ways.
Why are command economies less efficient the market economies?
the competition in the market economies encourages both qyality and low prices.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is meant by transition economies?
The economies which are converting from social market system to capital market system
Why are command economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are command economies usuall less efficient than market economies?
The competition in market economies encourages both quality and low prices.
Why are commanded economies usually less efficient than market economies?
The competition in market economies encourages both quality and low prices.
